Mentors play a critical role in guiding individuals and businesses towards achieving their goals. Whether it's in finance, business strategy, market analysis, or cryptocurrency, the insights and experiences of successful mentors can be invaluable assets in navigating through complex situations and making informed decisions. In this article, we will explore some of...
A question that is frequently asked is "Can I Learn Forex On My Own?". Like any other ability, learning how to trade currencies can be self-taught through books, the internet, and practise. The learning process can be substantially accelerated and your chances of success increased, though, by having a mentor.
You can discover when learning to trade independently...
Distribution Schematic
In essence, the Distribution Schematics works in the opposite way of the Accumulation, but with slightly different terminology.
Wyckoff method distribution schematic
Phase A
The first phase occurs when an established uptrend starts to slow down due to decreasing demand. The Preliminary Supply (PSY) suggests that the selling force is...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Below are 3 essential trading routines that i follow on a daily basis. This has been a critical component to my success.
Morning Routine
1. Meditation (10 Mins)
2. Gratitude
3. Trading Affirmations (2 Mins)
• I am a successful trader
• I have a very strict risk management plan
• I use a trading journal
• I am...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Psychology- Master your Mind and Money
Are you continually loosing money and not knowing why? For the past decade of trading the financial markets, I believe psychology is so vital to trading success. Below is a small snippet of questions that you need to ask yourself prior to entering the market so that you are...
If you struggle to find what the market is presenting to you, there is only one thing that's for sure. There is either a bottom price being defended or a higher price being defended.
How do you get into these trades?
I did a quick chart on how to establish a day type and where to initiate your trade with little risk to a nice reward.
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a...
